diff --git a/frappe/__version__.py b/frappe/__version__.py
index b56d675263..8355eb42a9 100644
--- a/frappe/__version__.py
+++ b/frappe/__version__.py
@@ -1 +1 @@
-__version__ = "4.6.1"
+__version__ = "4.7.0"
diff --git a/frappe/hooks.py b/frappe/hooks.py
index 682ac1fa7a..0c5a91a262 100644
--- a/frappe/hooks.py
+++ b/frappe/hooks.py
@@ -3,7 +3,7 @@ app_title = "Frappe Framework"
 app_publisher = "Web Notes Technologies Pvt. Ltd."
 app_description = "Full Stack Web Application Framework in Python"
 app_icon = "assets/frappe/images/frappe.svg"
-app_version = "4.6.1"
+app_version = "4.7.0"
 app_color = "#3498db"
 app_email = "support@frappe.io"
 
diff --git a/setup.py b/setup.py
index 38dd4061d9..590ede3757 100644
--- a/setup.py
+++ b/setup.py
@@ -1,7 +1,7 @@
 from setuptools import setup, find_packages
 import os
 
-version = "4.6.1"
+version = "4.7.0"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()